Definition: The Nonfarm Payrolls report gives an overview of the employment situation in the US, excluding agriculture.
Description: The Nonfarm Payroll figures represent the country's total number of workers outside the agricultural sector. The report is derived from a survey of approximately 400,000 businesses and 50,000 homes and is updated on a monthly basis. The data is adjusted to account for seasonal employment or changes in the formula. The Nonfarm Payrolls report, along with the Unemployment Rate, Average Weekly Hours, and Average Hourly Earnings reports, provides insight into US inflation and which direction interest rates are heading.
Influence: Increases on this indicator signal economic growth.
Market Impact: High
Released: Monthly, usually on the first Friday of the month at 13:30 GMT
Source: US Bureau of Labor Statistics